Super Micro Computer shares rose sharply in premarket trading on Wednesday after the company’s fourth-quarter results beat Wall Street’s expectations, thanks to growing demand for AI.
After Tuesday’s close, the company reported adjusted earnings of $1.70 per share on $11.1 billion in revenue. Analysts had expected 92 cents per share on $11.6 billion in revenue. A year ago, Super Micro earned 41 cents per share on $5.8 billion in revenue.
The stock rose 9% in premarket trading on Wednesday.
Chief executive Charles Liang said the company gained several hundred new enterprise and other customers over the past year, brought in more than $60 billion in new orders, and started fiscal 2027 with a record order backlog.
Super Micro reported a fourth-quarter gross margin of 17.6%. Last month, the company had estimated margins between 15% and 17%. Strong demand for AI infrastructure has given Super Micro more pricing power, which has helped improve margins as companies rush to expand server capacity.
That momentum appears to be continuing. Super Micro expects first-quarter revenue between $14.5 billion and $15.5 billion, which would be 189% to 209% higher than last year’s $5.02 billion and well above analyst expectations of $11.8 billion. The company also forecast fiscal 2027 revenue of $65 billion to $72 billion, much higher than Wall Street’s previous estimate of $53 billion.
